Can social phenomena be understood by analyzing their parts? Contemporary economic theory often assumes that they can. The methodology of constructing models which trace the behavior of perfectly rational agents in idealized environments rests on the premise that such models, while restricted, help us isolate tendencies, that is, the stable separate effects of economic causes that can be used to explain and predict economic phenomena. In this paper, I question both the claim that models in economics supply claims about tendencies (...) and also the view that economics, when successful, necessarily follows this method. When economics licenses successful policy interventions, as it did in the case of the Federal Communications Commission spectrum auctions, its method is not to study tendencies but rather to study the phenomenon as a whole. Key Words: economic models • tendencies • economic experiments • policy making • John Stuart Mill. (shrink)

This slender and very clearly written book challenges an influential view that seems to be supported by social and cognitive science: that outside domains where there is familiarity and effective f...

Primarily between 1833 and 1840, William Whewell attempted to accomplish what natural philosophers and scientists since at least Galileo had failed to do: to provide a systematic and broad-ranged study of the tides and to attempt to establish a general scientific theory of tidal phenomena. I document the close interaction between Whewell’s philosophy of science and his scientific practice as a tidologist. I claim that the intertwinement between Whewell’s methodology and his tidology is more fundamental than has hitherto been documented.Keywords: (...) William Whewell; Tidology; History of HPS; Scientific methodology; Whewell papers. (shrink)

This thesis attempts to justify a normative role for methodology by sketching a pragmatic way out of the dichotomy between two major strands in economic methodology: empiricism and postmodernism. I discuss several methodological approaches and assess their aptness for theory appraisal in economics. I begin with the most common views on methodology and argue why they are each ill-suited for giving methodological prescriptions to economics. Then, I consider positions that avoid the errors of empiricism and postmodernism. I specifically examine why (...) the two major strands of methodological criticism fail to give helpful methodological advice to economists and sketch out a pragmatic approach that can do this. (shrink)